U.S. supplier price increases eased in November from rapid gains in the first half of the year, in a sign that inflationary pressures could be moderating.
The producer-price index, which generally reflects supply conditions in the economy, rose 7.4% in November from a year earlier, the Labor Department said Friday. That was down from October’s revised 8.1% increase and well below the 11.7% rise in March, the fastest pace since PPI records began in 2010.
